Open Bidding, Open-End Contract, Open House, Open Order

Open Bidding, Open-End Contract, Open House, Open Order :

Open Bidding : When a price is quoted for goods and services which is open for negotiations

Open-End Contract : A contract under which unlimited numbers goods or services are to be produced and in an unspecified period, providing for termination after proper notice by either party. Labour Relations a contract made under labour laws with no termination date but with a provision of renegotiations at the request of either of the party.

Open House : In real estate, showing up of property the buyer of whom is ready to sell, and gives right to buyer to inspect the aforesaid property on particular date. Marketing when a company is promoting a product by creating a media event to serve the special clients or celebrities it is called open house.